| “ViVOtech is gratified to see that ABI Research was able to quantify and measure our contributions to the contactless payment industry,” said Mohammad Khan, ViVOtech President & Founder. “Our commitment to constant product innovation and seamless implementations allows us to offer market leading contactless payment technologies that let retailers unlock value, build loyalty and make money.” ABI Research evaluated contactless reader vendors according to criteria that included: product and manufacturing innovation and feature set; key roles in developing and expanding the market through industry leadership and knowledge transfer; global capacity; reach and support; vertical market focus and product adoption, as well as cross-regional delivery and adoption. “Contactless payment technology has already shown the potential to drive additional revenues and efficiency for all the key players in the transaction value chain,” said senior analyst Jonathan Collins. “ViVOtech has proven functionality and flexibility in real world deployments that position the company as a leading innovator in the marketplace.” The Vendor Matrix is an analytical tool developed by ABI Research to provide a clear understanding of vendors' positions in specific markets. Vendors are assessed by ABI Research on the important parameters of “innovation” and “implementation” across several criteria, unique to each vendor matrix. In the Contactless Reader Vendor Matrix, ABI Research evaluated companies offering reader products that target contactless payment, ticketing, and near field communication (NFC)-related applications. The report is being issued just as ViVOtech marked a significant company milestone by shipping over 250,000 contactless payment readers worldwide. ViVOtech offers the most complete line of add-ons for contactless payments including ViVOpay contactless payment readers for countertop, drive-thru, integrated, vending and “pay at the table” solutions that enable almost any POS or ECR system to fit into almost any store layout and existing payment infrastructure. ABI Research is a leading global research firm based in New York that focuses on providing in depth analysis in broadband and multimedia, RFID & contactless, M2M, wireless connectivity, mobile wireless, transportation, and emerging technologies. Reprints of ABI Research’s report is available on the ABI Research web site at: http://www.abiresearch.com/products/vendor_matrix/ Contactless_Reader_Vendor_Matrix (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) About ViVOtech ViVOtech (www.vivotech.com) is a market leader in contactless/NFC payment software, over the air (OTA) card provisioning, promotion, and transaction management infrastructure software, NFC smart posters, and contactless readers/writers. These innovative solutions allow consumers to make contactless payments with radio frequency-enabled credit cards, debit cards, key fobs, and NFC-enabled mobile phones. ViVOtech's products are used by some of the most prominent retailers in the United States. Currently, with more than 250,000 units in 22 countries, ViVOtech's products are in use at movie theaters, fast food restaurants (QSR), casual dining establishments, convenience stores, gas stations, drug stores, grocery stores, buses, taxicabs and vending machine locations, enabling a wide variety of businesses to accept contactless/NFC payments. In 2007, ViVOtech was recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report”; In 2006, ViVOtech was honored with a MasterCard “Best Vendor Partner Award” as the first vendor to deliver stand-alone contactless readers for MasterCard PayPass customers. In 2005, ViVOtech received the prestigious Frost & Sullivan technology award for its role in transforming the contactless payment industry and the first annual ETA Technology Innovation Award. |
